The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 57.50
• Take Profit Level: 58.50 (100 pips)
If the price...
Cheap $56 7/26 puts. Lower time frames show weakness. It's been coasting and is slightly overbought. Potential channel that could lead to a low of around $54 with solid moves the next week or 2. Potential wedge squeezing the buyers to turn em into sellers within this channel.
My bags are packed on this one. ready for it to give up.
AIG currently is trading with an IV30 of 19.6, making its IV Rank 21.8. This low rank indicates that the options will be cheap, and encourages debit spreads, regardless of being bullish or bearish. These spreads will profit when volatility mean-reverts to higher levels.
Because of this well-developed bear flag, we are expecting a continuation of the prior...
NYSE:AIG
American International Group Inc
Stock - NYSE (USA)
Profit:Risk = 2:1
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Sell (Pre Market) = $46.04
Take Profit = $44.34
Stop Loss = $46.90
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Take Profit = +3.70%
Stop Loss = -1.86%
Long AIG on a breakout of a clean triangle consolidation. The breakout of the upper triangle edge resistance line means we have a good chance to tag higher prices. Momentum indicator divergence supports the idea that this consolidation is a reversion of short sentiment.
Not that this is necessarily meaningful, but I find the characteristics of these assets rather strikingly similar. While I certainly would not trade off this alone, it kind of cements my view that Gold is potentially due to for a huge selloff here, which is a very contrarian take in today's market environment.
The charts read extremely similarly...
peak...
Beautiful inverted head and shoulders here..
This is a technical trade, setup looks good with volume supporting to the patterns validity. Safe play is entering upon a break of neckline, or on an s/r flip above the neckline
Distance from neck to head is roughly 20%, putting our target in the low 50's. To the right, there is a conveniently situated VPVR gap...
AIG looks to be following the depicted Channel as shown by the upward diagonal white lines. The Downward red diagonal line is the longer term resistance for price to breakout of or be pushed back down.
The RSI on the one hour chart is moving to the oversold area and the SMII is also pointing upward, indicating that price for the short term will continue a move...
In the last 4-5 bars, AIG attracted very few buy power.
My quant model predicts
Profitability: it has a high probability(80%) to drop below this level (38.75).
Worst Case: it could rise to $41.99
Money Management: Bet no more than 35% of the capital
Suggested Strategy: short stock for 5 Days
